International Rubber Day review: China's economic data lower rubber prices fell

In the Tokyo rubber market last weekend, the price of the far month contract fell slightly against the background of lower economic data in China and lower prices in the Shanghai rubber market. Although the leaders of China and the United States have decided to meet at the G20 summit next week for a new round of talks on trade issues between the two countries, the market does not expect the two sides to put aside their differences and reach an agreement anytime soon. Meanwhile, China's mining industry output in May, released in the afternoon, grew 5.0% in the same month last year, the lowest level in 17 years. Lower export demand dragged down the trend of resource commodity prices, Shanghai rubber main contract after falling below 12000 yuan integer level at the low level consolidation, Tokyo rubber market affected by this far contract prices fell slightly, late afternoon after trying 200 yen support, under the role of short cover rebound 203 yen line close.